A month after She1K drops lawsuit, Lumiere32 bags $223k in seed funding

Singapore-based healthtech startup Lumiere32 has raised US$223,000 in funding, according to VentureCap Insights data sourced from filings submitted to Singapore’s Accounting and Corporate Regulatory Authority.

(From left) Lumiere32 founders Priti Bhole and Raman Chauhan / Photo credit: Lumiere32

Investors in the seed round include Indonesian early-stage investment company Prasetia Dwidharma, as well as angel backers Tang Panmei, Moonlake Love Lee, and Deni David, the data showed.

Panmei led the round, investing a little over US$89,000 for 3,032 shares in the company. While Prasetia Dwidharma poured in less – at roughly US$78,000 – it acquired more shares at 4,519. Lee invested about US$37,000 for 2,232 shares, while David contributed around US$18,000 for 1,105 shares.

Tech in Asia has reached out to Lumiere32 to learn more.

Lumiere32 operates a business-to-business procurement platform that aims to be a one-stop shop for healthcare providers in the region. The startup was recently embroiled in a legal dispute with She1k, the organizer of a pitching competition that it won.

Several sources previously told Tech in Asia that the disagreement stemmed from the funding’s term sheet, which was presented after the competition. She1k filed a lawsuit against Lumiere32 citing a breach of the event’s participation agreement, asking for S$900,803 in damages.

She1k reportedly dropped the case after drawing close to a settlement with Lumiere32, which includes both parties bearing their own legal costs.